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To: JasonC
The bailout wasn't a dem policy.

My ass. It was Dem policies that caused the economy to collapse. And how convenient it happens in September of 2008, weeks before a presidential election.

76 posted on 05/09/2010 1:09:07 PM PDT by Extremely Extreme Extremist (Obamunism: You have two cows. The regime redistributes them and shoots you dead)
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To: Extremely Extreme Extremist
And how convenient it happens in September of 2008, weeks before a presidential election.

Not to mention shepherded by a Treasury Secretary who was a former chairman, CEO of yep, you guessed it, Goldman Sachs.

91 posted on 05/09/2010 1:22:06 PM PDT by MozarkDawg
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To: Extremely Extreme Extremist
Hardly. They helped surely, but they didn't put guns to anyone's head and force them to buy mortgages they couldn't afford to bid house prices to insanity.

They didn't make the decision to let Lehman fail messy.

Bush and the Fed put in place all the necessary policies to fix the mess before leaving office, and they have all worked. Nothing the Dems added since helped, surely. But they didn't cause any of it either.

The drop of $15 trillion in asset values in the panic doubled the downside of a normal cyclical recession, and the proximate cause of that panic was the idiotic Lehman decision. Which was caused by a puritanical hatred of bailouts to the exclusion of any practical sense or responsibility. And no you are not going to get away with pretending that never happened.

128 posted on 05/09/2010 2:40:49 PM PDT by JasonC
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